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CLP are very much a punt. I am still hopeful, but they have been talking about mining BTC using renewable energy for over 3 years now. If FG is such an expert in the field of AI and Blockchain technology, what is the hold up? CLP are not a new company. They have been around a while and seem to be good at just talking rather than action.

Also, I think that using some sort of modelling based on AI to basically predict market pricing for cryptocurrencies is just hogwash. Modelling fails woefully because it is based on assumptions. Just like the repeated woefully inaccurate modelling which comes out of Imperial College.

Totally agree ToffAppleton1.

Deliveroo is a joke of a company. They don't make money and never will. I find it astonishing that people invest in these type of Unicorn companies. Uber, Just Eat, Airbnb in the same boat. They will all crash, just like WeWork did.

There are some investors who think that because a big name investor gets involved that it must guarantee success, because of course all the big investors never lose money or get it wrong. I keep seeing posts on the lse boards about how a share will prosper because so and so is invested and "they know what they are doing". You just can't tell some people. When the next crash happens, stocks like Deliveroo will be worthless and all the venture capitalists and banks who are in deep in these type of companies will be screwed.

No one can remember, it was that long ago.

Anyone can post anything on here with regards to trades. It doesn't mean any of it is remotely truthful. Having posts about trades listed in posting history means hee haw. Plenty of posters on these forums talk absolute bull about lumping in, or averaging down, or the classic "munch, munch" when the SP drops.

I of course have 50 million shares in KOD. No, I do, honest. How dare you call me a liar Sir.

I watched a few of the episodes on TV and I have to say I was surprised at how basic some of the equipment was for a mining company. A lot of it looked little better than what the amateurs on the Discovery channel's Aussie Gold Hunters or Outback Opel Hunters were using. It just looked newer and cleaner.

From a selfish point of view, I am hoping that the SP stays at this level or lower for a few weeks until I am in a position to finally buy in. Not sure it is a wise decision, but I have always wanted to invest in a Scottish Gold mine, but I thought it was way over valued on the previous occasions when I had funds available. Knowing my luck the price will surge before I get the chance.

Totally agree. I have been saying this for a while. Steer well clear of these type of companies. They will never make a profit. They charge the food outlets more than they can afford and their demand will reduce as lockdowns stop. They will have to increase their already high charges to get anywhere near making a profit and that will cause a further slump in demand. Investors keep funding the dream in the hope that they will run the competition into the ground and then use their dominant position to basically force customers to pay through the nose. They will also harm small food outlets, as Deliveroo will own the customer list and if the food outlets don't dance to their tune, they will dump them and use a generic kitchen to make the food. Only the brand names will be immune to this policy. Their aim is to wipe out the competition and make all the non branded takeaway food themselves on the cheap and it will fail miserably. Don't be fooled by Amazon backing them either. Not everything they touch turns into gold. The bigger investors pulled back from joining in because of the problems Deliveroo will face with the way they "employ" delivery drivers. Not just for ethical reasons, but also for cost reasons. If any rulings are made, ala Uber, then they will have an enormous bill which they cannot pay.

The share price is still 10 times what it was in only December. Not sure what people expect here. Until they start earning revenue, why would it rise more? Just pure speculation is behind most of the fluctuation. Someone mentions BTC and some people expect the price to rocket for no good reason.

I still feel confident in this share, but CLP do seem to dawdle around for long periods just talking about what they hope to do without anything actually happening.

Hi Buzios,

They are referring to cryptocurrency. Not BTC. The latters high value is all based on speculation. No use as a method for everyday general payments.

Also, I read something about spending BTC being subject to CGT.

The market is fueled by cheap money and lots of new investors who have a surplus of funds because they have been working from home and saving small fortunes. This situation will not last much longer and then watch the market collapse.

You also have the unicorn companies. They haemorhage money, but investors keep pumping money in based on the churn, chasing the dream. Uber Eats for example loses over $3 on every order and loses are increasing. Same for Deliveroo in terms of loses. Wework is another example. Valued at $48 billion! A week later, the company was almost worthless. Only kept on life support because the banks have an interest in them.

The market is heading full steam ahead for a crash. Maybe the biggest crash ever. Covid was a short term blip in terms of the market. Every time a market crash is approaching, the greedy ignore it. Like the smart investors say, you just can't tell some people. Take Tesla for instance. Although they have dropped about 25% in a few months, they are still about 12 times the value they should be. You would think nobody else made electric cars based on their SP. They are a small company in their market, but are valued at more than the biggest five car companies combined! All based on speculation, just like bitcoin.

If you are smart you will get yourself in a position to snap up shares on the cheap when the market does collapse. That is how you make big gains.

Hi Vin,

They are indicators based on share price movement. Some people use them to try and predict price movements. People try to find a sure fire system for predicting and making money, but shares can be very unpredictable.

Personally, I believe that the share prices in general will rise for a short period and some (maybe CLP) will rise quite high, but there is definitely a crash coming soon and although most shares will slide, some shares will absolutely tank when it does, as there are quite a number of shares which are ridiculously over valued. E.g. Tesla, ARB, Just Eat, Airbnb to name a handful.

Simple. I didn't know about Love Hemp until recently. Just using them as an example, as they are similar to CBX, but with more products and much further down the road. I would invest in more of these type of opportunities, but I am not that rich. Although, I could just pretend I am, like some posters, and claim I have lumped in left right and centre.

You can understand why someone would think that. The company doesn't actually do much apart from talk about what they might do, then another month passes and nothing has happened.

The "mining" facility in Serbia, if it is still there, was/is a small portacabin with some older computing equipment in it. You can see pictures on it if you search on the web.

I suspect they are not mining because they have nothing adequate set up. They were talking about partnering with other miners. Maybe they are in the process of setting up a new mining operation and may announce something soon. Maybe they are mining now, but I doubt it. Until they actually do start mining then the BTC value, which some posters comment on, is of no relevance. You would hope they are actually in the process of setting up the mining operation whilst they have the opportunity to make money out of BTC.

CBX are not in the medicinal sector though.

Love Hemp look like a switched on company. Lots of products, revenue coming in. Selling in Sainsbury’s, Boots, Ocado and Holland & Barrett. In December it launched a new Love Hemp product line across 880 Holland & Barrett stores throughout the UK and Ireland, and took the Love Hemp brand across 200 Boots stores.

Good branding as well. Not sure about their UFC deal though. I would imagine that they will be paying a hefty sum to be associated with UFC. Bit of a gamble.

Their SP is lower than CBX and they are way ahead in the marketplace, yet some people seriously expect CBX to rocket based on ifs and buts.

Why are we due a blue day in a big way Amran? CBX don't need to update the market with anything. They have already done so. They are not sitting worrying about the daily ups and downs of the share price. They got the money from the IPO to develop products. Now they have to get on with the task. The market doesn't need confidence or momentum in CBX. They are a very small fish in a large pond, so to speak. The market wouldn't blink an eye if they disappeared.

They stated clearly that they hope to launch 2 products later this year, a face mask and a moisturiser/serum. The face masks are being tested for use and the serum is still being developed. They hope both products will break even within 2 years, as it is a saturated market and competition is tough. If anyone thinks they will simply launch the products and they will fly off the shelves, then they are in for a shock. The CBD angle is a bit of a red herring. At the end of the day, these will effectively be just another cosmetic cream/moisturiser promoting a different ingredient. Some analysts think the CBD market will grow substantially, but it is just their opinion. Doesn't mean it will. When they talk about this market though, they seem to be lumping any CBD product into the mix, which is very misleading. Personally I think the money will be in the medicinal products, as I am sure most people would likely agree. That will be the main market, not the cosmetic side of things. Where are all these people who will rush out to buy yet another CBD moisturiser? I don't know anyone who uses them now and I don't know any females who would swap their established designer brand for an unknown one just because it has CBD as the key ingredient, even if Golden Balls bothered to promote it. He isn't that influential. His whisky isn't flying off the shelves and that's a product in a huge market.

Next year they hope to produce some sports recovery products. They are also considering products for the pet market. I think the pet market could be the bigger earner for them, but they can't make any spurious claims about the product if it is cosmetic. A large part of the baby boomer proportion of the population have money to burn like never before and many of them have pets. I have always said if someone comes up with a good product for pet dogs they could make a fortune over the next ten or twenty years.

CBX is definitely a long term prospect. It will be late in the year before they even start to sell a few products. I can't really see the share price changing much now (unless a large investor appears), as the biggest investors are locked in for now. Too many punters hoping for unrealistic leaps in share price based on tenuous links.

If they were to do similar to Fevertree, then the share price may sit about 65p in 7 years (although could hit £1.25 along the way, assuming of course a similar pattern, but a huge assumption).

Personally, I am not convinced they will be a household name in future. It takes some doing to get to that level. Even Fevertree are nowhere near being a household name. I also think there is a reluctance with a large part of the buying public to use products linked to Cannabis. CBX are not comparable to most of the other CBD stocks. They are in the cosmetic market, not the medicinal market. Completely different.

Cosmetics tend to have a gimmicky USP and using CBD for me is just yet another gimmicky option (which you can already buy). I think the products will probably do ok at first (like a lot of new products) and then people will lose interest, especially if they are high cost.

Good luck with Deliveroo. They are definitely a pump and dump opportunity. Be careful though. They have never made a profit and never will. They haemorhage money (same as Just Eat, Uber and Airbnb). Investors pump in the money in the hope that they will become dominant and then be able to raise their charges, but it is doomed to fail. There is money to be made short term in their shares, but they will be pricey.

What is happening with the Bougouni licence? Why is it taking so so so long? Is it not over 3 years now?

Also, am I correct in believing that some of the 3 year licences KOD have for other areas are due to expire in a matter of weeks?

Yeah. It all looks promising for KOD, but there is no real justification for any further SP increase. They are a long way from actually making any revenue from mining, a long way.

You do wonder if they are hoping that someone makes them an offer they can't refuse for the company.